Director of Fund Accounting, Robinhood Ventures

Robinhood • Chicago, NY

3d • Onsite

About The Position

Join us in building the future of finance. Our mission is to democratize finance for all. An estimated $124 trillion of assets will be inherited by younger generations in the next two decades. The largest transfer of wealth in human history. If you’re ready to be at the epicenter of this historic cultural and financial shift, keep reading. About the team + role Robinhood is on a mission to democratize finance for all. As we expand our investment product offerings, we’re preparing to launch a new, publicly offered investment fund aimed at increasing access for everyday investors. This initiative represents a key step in bringing professionally managed investment strategies into the Robinhood experience. We’re looking for a Director of Accounting to oversee the accounting for all Robinhood Ventures closed end funds. Reporting to the VP, Corporate Controller, the role will be a key leadership position in the Finance organization, interacting and coordinating with colleagues in Corporate Accounting, Finance & Strategy, Tax, Compliance, Legal and various other departments across the Company to ensure proper accounting treatment and accurate financial results. This role can be based in our New York, NY, Chicago, IL or Menlo Park, CA offices; with in-person attendance expected at least 4 days per week. At Robinhood, we believe in the power of in-person work to accelerate progress, spark innovation, and strengthen community. Our office experience is intentional, energizing, and designed to fully support high-performing teams.

Requirements

• 12+ years of total experience (including people management) in fund accounting or investment management, specifically focused on 40 Act Registered Investment Companies.
• Extensive knowledge of US GAAP, SEC reporting and 40 Act Fund specific requirements
• Demonstrated strong leadership skills, high energy and initiative - with a proven ability to manage significant initiatives across the organization, as well as develop and motivate staff
• Expert in technical accounting issues, specifically related to 40 Act Funds
• Highly developed written and verbal communication skills, excellent soft-skills, and ability to motivate and influence all levels of management
• Bachelor’s degree in Accounting or Finance, CPA or equivalent required

Responsibilities

• Oversee the preparation and filing of all periodic SEC financial reports including ensuring compliance with US GAAP, SEC regulations and the Investment Company Act of 1940
• Coordinate with the Principal Financial Officer to obtain certifications for Form N-CSR and Form N-PORT pursuant to the Sarbanes-Oxley Act.
• For new funds, partner with cross functional teams to ensure a successful IPO of the fund
• Lead the coordination of annual audits with external auditors
• Provide strategic oversight of third party administrators, ensuring accuracy of NAV calculations, investments, distributions and expenses.
• Participate on the RHV valuation committee to ensure the accuracy of all investment valuations performed by the third party advisors.
• Review the fund’s expense budget, including approval of management fees, 12b-1 fees and waiver calculations
• Maintain a rigorous internal control environment to ensure accuracy of financial reporting and compliance with SOX.
• Participate in Board of Director meetings, including the presentation of required communications
• Continuously monitor, document and communicate new accounting standards to leadership and determine their impact on the fund
• Provide leadership, support and professional development opportunities to the growing Robinhood Ventures accounting team
• Develop a culture of mentorship, continuous improvement, training and success in the accounting organization

Benefits

• Challenging, high-impact work to grow your career
• Performance driven compensation with multipliers for outsized impact, bonus programs, equity ownership, and 401(k) matching
• Best in class benefits to fuel your work, including 100% paid health insurance for employees with 90% coverage for dependents
• Lifestyle wallet - a highly flexible benefits spending account for wellness, learning, and more
• Employer-paid life & disability insurance, fertility benefits, and mental health benefits
• Time off to recharge including company holidays, paid time off, sick time, parental leave, and more!
• Exceptional office experience with catered meals, events, and comfortable workspaces.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 1,001-5,000 employees